New Call Telecom, the rapidly expanding international telecom company, is set to acquire international wholesale voice provider WaveCrest.
This acquisition comes only weeks after New Call acquired Nimbuzz, a fast-growing Indian mobile technology brand with more than 200m users across the globe.
Founded in 2001 and headquartered in London, WaveCrest has offices in Dubai, New York, Milan, Paris and Frankfurt. The company provides high-quality, low-cost international calling solutions to retail brand owners, other operators and end users.
With a state-of-the-art IP network, WaveCrest terminates in excess of 3bn voice minutes per year and generates revenues approaching $120m. Since 2010 WaveCrest has been providing a fully hosted Over the Top (OTT) international calling solution for Tesco and is working with other leading brands to deliver similar OTT solutions to their existing client bases.
Nigel Eastwood, CEO of New Call Telecom, says: “I am delighted New Call has acquired WaveCrest. There are considerable synergies between our two companies and this acquisition is in line with our international expansion strategy. In common with Nimbuzz, which processes more than 1bn VoIP call minutes per month, WaveCrest has a global reach built on their state-of-the-art technology.”
New Call Chairman, Dr Jerome Booth, says: “Wavecrest is a dynamic, fresh, highly motivated business with exceptional leadership and a commitment to growth. I’m excited by the new opportunities this acquisition represents. The global telecoms sector is changing fast and through targeted acquisitions such as WaveCrest and Nimbuzz, we will be in a position to capitalise on this worldwide telecoms explosion.”
WaveCrest CEO, Chris Adams, says: “This is a transaction which makes sense on many levels. The day-one synergies are significant to the group, and with New Call’s appetite for further acquisitions in the near future we are very excited to join this fast-growing international telecoms group. The increased leverage this gives WaveCrest allows us to build on the vastly successful hosted solutions, such as for Tesco, and be an enabler to an ever-increasing number of global brands.”
New Call Telecom, a fast growing International telecom company with a growing presence in India. was established by CEO Nigel Eastwood after a management buy-in of the business from its US parent company, PTGi. In 2013, the economist, entrepreneur, investor and leading expert on emerging markets, Dr Jerome Booth became Chairman. Dr Booth, owner of investors New Sparta, interests in a number of fast-growing companies including Icon Film Distribution.